Markets

European stocks rise for first session in 3 as Omicron fears ease

2021-12-06 12:46:53 GMT (Economies.com)

European stocks rose in early trading on Monday, to head for the first gain in 3 session, thanks to improved investor sentiment, as concerns about the Omicron variant eased.

 

The Stoxx Europe 600 index rose 0.5% as of 10:55 GMT, after closing lower by 0.6% yesterday, due to a sell-off in the tech sector.

 

The pan European index lost 0.3%, in the third straight weekly loss, due to concerns over Omicron.

 

The energy sector saw the largest gains in Europe today, with a rise of nearly 1.5%, as oil prices rose.

 

The South African Medical Research Council published that early observations in Pretoria showed that most Covid-19 patients are not dependent on receiving oxygen.

 

S&P 500 futures rose 0.5% today ahead of Wall Street's opening, after the index lower 0.2% on Friday weighed down by tech stocks.

 

Back to Europe, the Euro Stoxx 50 index rose 0.5%, France's CAC 40 rose 0.7%, and Germany's DAX index rose 0.3%, while the UK's FTSE 100 rose 0.9%.

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